Push it to the Limit (for 2015!)

Corbin Blue may not have been targeting plan participants as his audience when he told us to “push it to the limit” but what would those limits be if he was? Well, we know what they are for 2015, thanks to a recent IRS announcement.

Plan administrators should ensure that they pass along this new information to their participants so that they too can “push it to the limit!”

Below is a chart that outlines the recently announced cost-of-living adjustments affecting retirement plans:

Belfint Lyons Shuman is a Certified Public Accounting firm that focuses on conducting audits of 401(k) Plans, Profit Sharing Plans, 403(b) Plans, Taft-Hartley, collectively bargained and defined contribution plans, in Delaware(DE) and Philadelphia (PA). Our team has experience conducting 401(k), 403(b), and large plan audits for plans with 120 participants to those with over 8,000 total participants. We also have experience with first-year 401(k) and other plan audits.